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Dec 2, 2012
12/12
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cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. but when i was in an accident...
cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org....
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Dec 2, 2012
12/12
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you're a republican, he's democrat. 30 days and counting until we go over the fiscal cliff unless congress in the white house cuts a deal to avoid tax cuts. it sounds like two groups of people are looking at two different sets of numbers. take a look. >> we prefer to do upfront alongside a deal that includes raising rates on americans. we are prepared to do a meaningful amount of spending on the saving side, not just to avoid the damage of the sequester but to help reduce our long-term deficit. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. the revenue proposals are $1.6 trillion in revenue and tax increases. it's a massive tax increase. but also not significant and meaningful in entitlement reforms. >> so, anna, i hear comments like those and remarks by john boehner and the president of the united states and i wonder after the election, did we learn anything? because i -- my reading on the election was that the people, the voters wanted compromise. and for the people in washington to talk to each other not at each other. that s
you're a republican, he's democrat. 30 days and counting until we go over the fiscal cliff unless congress in the white house cuts a deal to avoid tax cuts. it sounds like two groups of people are looking at two different sets of numbers. take a look. >> we prefer to do upfront alongside a deal that includes raising rates on americans. we are prepared to do a meaningful amount of spending on the saving side, not just to avoid the damage of the sequester but to help reduce our long-term...
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Dec 2, 2012
12/12
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. >> pushing to avert the fiscal cliff. house republicans hours before the president's trip, pushed back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being the top 2% or the wealthy people in america, ignores the way most small businesses work in america. >> this political fight's over policy, but if you weren't paying attention, you would wear that the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. we're months removed from the 2012 election, but governor rounds is looking forward to 2017. while 2014's a long way away, 2013 is just beyond the horizon, that's when chris christie -- >> i don't want to leave now. we have a job to do. that job won't be finished by next year. >> it may be the holiday season, but it seems there is no holiday from campaign politics. >> thanks, paul. >>> well, the priority for congress and the white house tomorrow, making head way on the fisc
. >> pushing to avert the fiscal cliff. house republicans hours before the president's trip, pushed back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being the top 2% or the wealthy people in america, ignores the way most small businesses work in america. >> this political fight's over policy, but if you weren't paying attention, you would wear that the presidential election was still going on. while the fiscal cliff battle plays out,...
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Dec 6, 2012
12/12
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the latest order ...from the white house...///.as ... pprt of the fiscal cliff.../ tte... cut... as much as... 5000bbilion ...from its budget... / over... the next... 10 yeaas...///.that... could be... on top... &poff ther defense cuts ... already... in the cuts ... - would... most ikely... target... &p weapons...// jobs. . civilian defense... earlier we told you about a push to force phone companiis to store text messagee for up to two years.law enforcement groups areepushing for the change. and thaa brings us to our question of the day...should law enforcement ageecies... have the potentiall.. to pccess... your text messages for up to two years? chris writes on our facebook page..."with a warrant yes, no."but elissa writes..."no i believe that is an invasion of privacy to the highesttdegree. degrre. a lot of response on this question and most of ou don't liie thh idea. go... to... ox- baltiiore dot com .../ tell s... what youu think.../. ssund... off... thru... facebook.../. send... us... a tweet.. at foxbaltimore.../. text... your answer to ...45-200..../ enter... fox45a for y
the latest order ...from the white house...///.as ... pprt of the fiscal cliff.../ tte... cut... as much as... 5000bbilion ...from its budget... / over... the next... 10 yeaas...///.that... could be... on top... &poff ther defense cuts ... already... in the cuts ... - would... most ikely... target... &p weapons...// jobs. . civilian defense... earlier we told you about a push to force phone companiis to store text messagee for up to two years.law enforcement groups areepushing for the...
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Nov 30, 2012
11/12
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for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless, unless the white house and republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica yellin is over at the white house for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than
for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless, unless the white house and republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt....
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Dec 6, 2012
12/12
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it is in the house. the issue of the fiscal cliff, what's it mean? it is probably the most known phrase in politics. they say, you have to wait for everything. people understand you have to do a piece of the puzzle. you can do it today. the opportunity to keep this economy moving, it has done very well the last few years. we always wait for the big deal and something never happens. this is a chance for the middle class tax cut. i would encourage every day, what is holding it out? -- it up? you will see yourself getting a tax cut for the remainder of next year if we just move them forward. again, it is finished of the senate side. >> i want to thank my colleagues for the leadership on the steering committee in this area. we have senator olympia snowe, bill kristol of the weekly standard, like simpson of idaho. david brooks. walter jones. the national review. we're here to say that passing the middle class tax cut is the right thing to do. you don't need to take our word for it. 2/3 of the american public agree with us. you don't need to take that word
it is in the house. the issue of the fiscal cliff, what's it mean? it is probably the most known phrase in politics. they say, you have to wait for everything. people understand you have to do a piece of the puzzle. you can do it today. the opportunity to keep this economy moving, it has done very well the last few years. we always wait for the big deal and something never happens. this is a chance for the middle class tax cut. i would encourage every day, what is holding it out? -- it up? you...
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Dec 3, 2012
12/12
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. >> reporter: with the clock ticking in washington in the fiscal cliff looming closer by the day. the treasure secretary says the white house will only agree to a plan that including higher tax rates. >> if they are going to force higher rates on virtually all- americans, because they are want thing tax rates to go up on 2% that is a choice they will have to make. >> calling for an additional $1.6 trillion in tax revenue. cuts to medicare and $50 billion in stimulus spend approximating. he insists the bush tax cuts must expire for the healthyy individuals. >> it is carefully designed mix of savings and tax reforms to put us back on a path to stabilizing our debt and living within our means. >> the republicans did not welcome the proposal. >> i was disappointed by the proposal. i think it say rerun of the budget proposal. the revenue is 1.6 trillion in revenue and tax increases. >> and expressing frustration -- and they are expressing frustration. >> i would say we are nowhere, period, nowhere. >> reporter: they disagree pointing out the administration did offer $600 billion in cut
. >> reporter: with the clock ticking in washington in the fiscal cliff looming closer by the day. the treasure secretary says the white house will only agree to a plan that including higher tax rates. >> if they are going to force higher rates on virtually all- americans, because they are want thing tax rates to go up on 2% that is a choice they will have to make. >> calling for an additional $1.6 trillion in tax revenue. cuts to medicare and $50 billion in stimulus spend...
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Dec 5, 2012
12/12
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the president will hit the road to make his case on the fiscal cliff in detroit. >> the sheriff's office is trying to figure out what caused a vehicle to veer you have a the road and down an embankment. we were above the scene along winters run road just along singers run road. they had to free the 21-year-old male driver. rescuers used a hook and ladder truck to hoist the man from the rescreen and back on the road. no word on that man's condition. and a 32-year-old woman is out of the hospital and in police custody tonight. >> nicole fitzgerald was accuse of murdering her 2-year-old son and is facing a long list of charges. >> according to a court document the initial call was for a child who wasn't breathing. investigators found nicole fitzgerald on the floor lying next to her son. when police arrived they discovered the body of a 2-year-old boy. he had cuts and stab wounds to the front of his neck. >> when officers arrived at the scene they met with paramedics a the scene who pronounced the 2-year-old baby boy dead at the scenepy they have determined this is a hods. the child's mother
the president will hit the road to make his case on the fiscal cliff in detroit. >> the sheriff's office is trying to figure out what caused a vehicle to veer you have a the road and down an embankment. we were above the scene along winters run road just along singers run road. they had to free the 21-year-old male driver. rescuers used a hook and ladder truck to hoist the man from the rescreen and back on the road. no word on that man's condition. and a 32-year-old woman is out of the...
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Dec 3, 2012
12/12
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cliff. today the house republicans in a big development put out a plan and i am sure it is not on its face acceptable to the president and the democrats here but interestingly it has the same total number of savings and tax revenues as the president does over 10 years, $2.2 trillion. that is a lot more spending and entitlement reform in the president plan -- republican land and the democratic plan but now they can fill things in and the president has to be at the table to close the deal. he has the mandate to do it. >>neil: part of the mandate means both sides should give a little. obviously the republican plan has a debt commission feel to it but beside that i am wondering if it and tough and i know you are leaving the senate and i have always said, and i am not blowing you smoke you are one who tries to find areas of agreement and move the ball forward and we can be dogmatic all we want but in the end, you have reminded me, senator, it is about getting things done and right now washington
cliff. today the house republicans in a big development put out a plan and i am sure it is not on its face acceptable to the president and the democrats here but interestingly it has the same total number of savings and tax revenues as the president does over 10 years, $2.2 trillion. that is a lot more spending and entitlement reform in the president plan -- republican land and the democratic plan but now they can fill things in and the president has to be at the table to close the deal. he has...
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Dec 4, 2012
12/12
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here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are specific with the ways we have dealt with it. >> they don't like what republicans want to do to social security and more on that during my next update. reporting live, allison burns, ktvu channel 2 morning news. >>> 5:14 in florida, they have released a photo of george zimmerman, showing george zimmerman with a swollen nose and blood did i face. they responded and said it adds nothing new to the case. the volunteer watch man is charged with second-degree murder and his trial is due to begin next june. >>> contra costa police officer was taken to the hospital after an attack. it happened at the college
here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are...
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Nov 30, 2012
11/12
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the former speaker of the house calling the fiscal cliff a fantasy that will appear out of nowhere just like the land of oozdid. speaker gingrich is here to tell us about his message for the gop. but first rush limbaugh has a message for democrats. >> you want to go after rich people? go after yourselves, democrats. start with your own perks. show us you've got some skin in the game instead of blaming everybody else. >> no substantive progress has been made in the talks between the white house and the house the last two weeks. >> we're not going to kick the can down the road. this is no time for delay. >> how gutless is it to blame the taxpayers? >> compromise is necessary in the democrats process, but if we come together we will meet this challenge, and make this session of the congress not a lame duck congress, but a blind duck congress. >> listen, this is not a game. jobs are on the line. the american economy is on the line. >> we've got to reduce our long-term deficit. that's also important to long-term economic growth. and we have said we need to do that in a balanced way. >> how g
the former speaker of the house calling the fiscal cliff a fantasy that will appear out of nowhere just like the land of oozdid. speaker gingrich is here to tell us about his message for the gop. but first rush limbaugh has a message for democrats. >> you want to go after rich people? go after yourselves, democrats. start with your own perks. show us you've got some skin in the game instead of blaming everybody else. >> no substantive progress has been made in the talks between the...
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Nov 29, 2012
11/12
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so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....
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Nov 29, 2012
11/12
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. >>> and yahoo ceo marissa mayer is meeting with president obama to discuss the fiscal cliff. we just got a picture from the white house. you can see mayer just barely there on the right-hand side -- on the left-hand side of the picture, bottom left-hand corner. she joined more than a dozen other business leaders at the white house today. mayer is also making headlines for her speech to an invite only crowd in palo alto last night. she said she juggles her priorities listing god, family and yahoo. adding, quote, the baby's been way easier than everyone made it out to be. so those have been the two really terrific surprises. the kid has been easier, and the job has been fun. >>> for the second straight day, heroic actions saved lives from a burning vehicle. the good samaritan in this case jesus hernandez saw an rv on fire in east san jose. it happened this morning, and he heard screams for help from that rv. he grabbed a garden hose and was able to open the door and help two women out of the rv. when firefighters showed up, they pulled out a 4 week old pit bullpuppy from the fi
. >>> and yahoo ceo marissa mayer is meeting with president obama to discuss the fiscal cliff. we just got a picture from the white house. you can see mayer just barely there on the right-hand side -- on the left-hand side of the picture, bottom left-hand corner. she joined more than a dozen other business leaders at the white house today. mayer is also making headlines for her speech to an invite only crowd in palo alto last night. she said she juggles her priorities listing god,...
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Dec 4, 2012
12/12
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democratic caller in new york, what the make of the house gop. don the fiscal cliff? caller: would like to add something on the matter of taxes. it has been recommended, some years ago by a wall street banker, to have a 1% wealth tax from capital accumulation. someone that house $100,000 would pay $1 and dollars. a flat tax with everyone in. -- would pay $1,000. the good raise a tremendous amount of money even if the income tax rates went down. and this wondering if anyone would be in favor of such a tax. it would be a flat tax. as far as social security is concerned, i do not hear anything about the amount being raised. i think it is $110 and they could easily raise that and raise money there. -- i think it is $110,000. everyone under the wealth accumulation tax would pay that during their lifetime. i just wanted to throw that out as a possibility. host: and other baubles from the york. -- another bob. caller: and is wondering why the rich cannot pay their fair share. i live in upstate new york. the toll is at $10 and because i do not have some kind of sticker on my
democratic caller in new york, what the make of the house gop. don the fiscal cliff? caller: would like to add something on the matter of taxes. it has been recommended, some years ago by a wall street banker, to have a 1% wealth tax from capital accumulation. someone that house $100,000 would pay $1 and dollars. a flat tax with everyone in. -- would pay $1,000. the good raise a tremendous amount of money even if the income tax rates went down. and this wondering if anyone would be in favor of...
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Dec 1, 2012
12/12
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cliff. with 32 days to go until the make or break point, it is where we begin tonight with our white house correspondent kristen welker, good evening. >> reporter: good evening, president obama tried to sell his plan in the suburbs of philadelphia today. it is a tactic he thinks has worked in the past, but it did very little to sway the congressional republicans. president obama turning up the heat on republicans. >> hello, hatfield. >> reporter: taking his case for higher taxes on the wealthy to pennsylvania today. >> i don't think it is acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> reporter: speaking at a factory, mr. obama argued that if congress can't get a deal, taxes will rise about $2,000 average for a family. of coal you get for christmas, that is a scrooje christmas. >> let's not kid ourselves. >> reporter: house speaker john boehner balked. >> increasi
cliff. with 32 days to go until the make or break point, it is where we begin tonight with our white house correspondent kristen welker, good evening. >> reporter: good evening, president obama tried to sell his plan in the suburbs of philadelphia today. it is a tactic he thinks has worked in the past, but it did very little to sway the congressional republicans. president obama turning up the heat on republicans. >> hello, hatfield. >> reporter: taking his case for higher...
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Nov 30, 2012
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. >> speaker of the house john boehner giving his take on the lack of progress made in the fiscal cliff talks. and adds tensioas tensions rise capitol hill obama will be pushing his fiscal cliff plan at a toy factory today. >> peter doocy has more on that. >> the senate majority leader mitch mcconnell listening to tim geithner layout the proposal to avoid the cliff. it was so one-sided rich mcconnell reportedly said he burst into laughter. republicans claiming three want a balanced approach and they want to raise revenue without killing jobs and they are going public with their frustrations. >> i am disappointed in where we are. i am disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is , i am trying to resolve it. >> democrats want republicans to slow down and realize what they are offering is not new. it's the sail debt pl-- same de plan president obama had in the american jobs act. it's not a new stimulus it is something that has been on the table for over a year. >> something should a political price be paid in order for congress to do its
. >> speaker of the house john boehner giving his take on the lack of progress made in the fiscal cliff talks. and adds tensioas tensions rise capitol hill obama will be pushing his fiscal cliff plan at a toy factory today. >> peter doocy has more on that. >> the senate majority leader mitch mcconnell listening to tim geithner layout the proposal to avoid the cliff. it was so one-sided rich mcconnell reportedly said he burst into laughter. republicans claiming three want a...
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Nov 30, 2012
11/12
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the pace of fiscal cliff negotiations. the index shrugged it off, ending higher by four tenths of a percent. volume was 677 million shares on the big board; under 1.8 billion moved on the nasdaq. all ten of the major stock sectors rose. the telecommunications sector had the strongest gain, up nine tenths of a percent. the health care, materials and utilities sectors were each higher by six tenths of a percent. health insurance giant united healthcare led its sector and the dow industrial stock average. trading volume almost doubled with the stock up 3%. on monday, the company's profit prediction for next year was less than anticipated. but with today's rally, shares have recovered from that sell- off and then some. retail continues to be in focus. the calendar month may not be over, but for several stores, the sales month for november is in the books. 17 chains reported sales at stores open for at least year. overall, sales were up 1.6%, according to thomson-reuters. that's only half the growth expected. the impact of hurr
the pace of fiscal cliff negotiations. the index shrugged it off, ending higher by four tenths of a percent. volume was 677 million shares on the big board; under 1.8 billion moved on the nasdaq. all ten of the major stock sectors rose. the telecommunications sector had the strongest gain, up nine tenths of a percent. the health care, materials and utilities sectors were each higher by six tenths of a percent. health insurance giant united healthcare led its sector and the dow industrial stock...
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Nov 30, 2012
11/12
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fiscal cliff right now. for his part, the president travelled to pennsylvania today arguing congress should pass the middle class tax cuts right now set to expire on january 1st. but republicans say that's a no go. any deal needs to have tax cuts for everyone. i talked about a stand off earlier on a democratic senator that's been waying in behind the scenes. joining me now is senator max baucus, senator, a very busy week, not a lot of progress to show for it. as you well know now, republicans have soundly rejected the offer coming from the white house. even calling it absurd. this offer, do you view it as a serious offer? >> i do. i think we're in the initial stages. there are about 30 days left before the so-called cliff hits us. i think in about a week, we'll get down to serious negotiations. >> why a week? why not now? many would say we're way beyond opening bids. >> i agree, i think we should start talking now, the president and the speaker should do so, but for whatever reasons, it's a little slower. i
fiscal cliff right now. for his part, the president travelled to pennsylvania today arguing congress should pass the middle class tax cuts right now set to expire on january 1st. but republicans say that's a no go. any deal needs to have tax cuts for everyone. i talked about a stand off earlier on a democratic senator that's been waying in behind the scenes. joining me now is senator max baucus, senator, a very busy week, not a lot of progress to show for it. as you well know now, republicans...
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Dec 6, 2012
12/12
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now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit. he said it was unclear. that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going to be another major issue moving forward. how the federal government will spend about $50 billion when right now we are pretty much broke, neil. >> incredible. they know it is a nonstarter. do they not care? >> it is probably going to end up, as you know, you have seen this before, folded into the rest of the negotiations. you are right. there will be p republicans objecting. some said we don't need budget offset. there are republicans saying yes we do. it will probably end up getting rolled into the broader fight over the fiscal cliff. it is unlikely they will get pay fors. >> ed henry, thank
now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit. he said it was unclear. that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going...
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Dec 3, 2012
12/12
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improvements should we go over the fiscal cliff. >>> speaking of housing, would you buy a mortgage from walmart? or how about a mortgage from an onlime payment providing like paypal? results after new survey, what does it mean for banks and consumers in the next half-hour. >>> a deal may be in the works involving two of the best known airlines. delta is in talks to buy 49% of virgin atlantic from it current shareholder which is singapore airlines. cnbc's phil lebeau is back with us from chicago again. phil, what's in it for delta? is it root structure? >> it is the root structure and gates at heathrow. singapore airlines wants to sell its stake in virgin atlantic. it has struggled for some time. they own 49% of virgin aen lick. the possible price here -- this is just an estimate at this point according to industry sources -- $1.1 billion to $1.3 billion. who owns the other 51%? we all know who it is. richard branson. for a couple of years now he has been weighing the future of virgin atlantic. this is an airline that despite all the publicity, it has struggled to really make a huge dent
improvements should we go over the fiscal cliff. >>> speaking of housing, would you buy a mortgage from walmart? or how about a mortgage from an onlime payment providing like paypal? results after new survey, what does it mean for banks and consumers in the next half-hour. >>> a deal may be in the works involving two of the best known airlines. delta is in talks to buy 49% of virgin atlantic from it current shareholder which is singapore airlines. cnbc's phil lebeau is back...
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. >>> fiscal cliff challenge today. house speaker john boehner said if the president does not like the republican offer, he should present a credible plan of his own that can pass both houses. meanwhile, the white house said tonight president obama has a two-step plan. the first is to extend the middle class tax cuts while allowing cuts for the wealthiest americans to expire. the second is to call for tax reform by august 1st of next year. in the meantime, the nation's debt ceiling is looming in january. the president's warning republicans not to include any debt limit concessions in their fiscal cliff strategy. >>> we have had a lovely week around here. but it's time to get back to a little december reality. >> would you look at that. veronica has a look at another change coming our way. what about it, veronica? >> do you like that sunset? isn't that gorgeous? >> it's lovely. >> fiery red there on the horizon. and not a bad day. the wind picked up a bit. that northwesterly wind behind the cold front that came through v
. >>> fiscal cliff challenge today. house speaker john boehner said if the president does not like the republican offer, he should present a credible plan of his own that can pass both houses. meanwhile, the white house said tonight president obama has a two-step plan. the first is to extend the middle class tax cuts while allowing cuts for the wealthiest americans to expire. the second is to call for tax reform by august 1st of next year. in the meantime, the nation's debt ceiling is...
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what does the fiscal cliff mean for u.s. jobs. jane king has the bloomberg business report. >> a warning about what happened if the economy goes over the fiscal cliff. one and a half million americans could lose their jobs if lawmakers fail to come to an agreement. nationwide insurance warning customers the computer network has been hacked. nationwide is apologizing and offering customers identity theft protection for a year. posters may have a buyer for its wonder bread brand. it could take months before production of the bread brand wraps up again. optimism helping to give the dow and s&p a boost yesterday. apple was weighing on the nasdaq. walt disney world's new fantasy land is open after the biggest expansion in the 41-year history. the magic kingdom makeover includes giving out pagers and serving beer and wine for the first time ever. the park has been struggling with stagnant attendance. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 5:22. 31 degrees at the airport. asking questions a
what does the fiscal cliff mean for u.s. jobs. jane king has the bloomberg business report. >> a warning about what happened if the economy goes over the fiscal cliff. one and a half million americans could lose their jobs if lawmakers fail to come to an agreement. nationwide insurance warning customers the computer network has been hacked. nationwide is apologizing and offering customers identity theft protection for a year. posters may have a buyer for its wonder bread brand. it could...
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Nov 29, 2012
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fiscal cliff. they complain that the white house has not provided them on how the president will curb medicaid and medicare. if the president has been consistent and that he does not want the tax to go for people who are under too much as $50. he is adamant that any new tax revenue must come from--he once rates lowered and was is that and find a middle ground. >> in bay area a news they have released the names of two girls were shot and killed over the weekend in oakland. a 16 year-old girl and a another 15 year-old were found shot to death about 6:00 in the morning in east oakland. they have been hit by multiple gunshot loans. if they stated that they do not have a modem and they do not know why these girls were on the street along. no arrests have been made. >> oakland police are asking for your help. there is a 16 year-old girl walked away from a group home on coolidge ave. if the staff followed her but then they lost sight of her. she is considered at risk because even though she is set at 16 y
fiscal cliff. they complain that the white house has not provided them on how the president will curb medicaid and medicare. if the president has been consistent and that he does not want the tax to go for people who are under too much as $50. he is adamant that any new tax revenue must come from--he once rates lowered and was is that and find a middle ground. >> in bay area a news they have released the names of two girls were shot and killed over the weekend in oakland. a 16 year-old...
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. >>> there's been a lot of tough talk from the white house today about the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year
. >>> there's been a lot of tough talk from the white house today about the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your...
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gop leaders will not adjourn for the holidays until some kind of fiscal cliff strategy is found. >> this negotiation is going so poorly. what happens if we go over the fiscal cliff? >> there is a little bit of much.rowiggle room, but not the loss will be in place but in practice it will not have too much of an effect. it could have an effect on the stock-market if we do go over the fiscal cliff. >> barbara mikulski and ben cardin had the opportunity to make the case to the fema director that federal dollars are needed in several counties. >> maryland woke up to this headline -- "u.s. denies aid to maryland storm victims." this is the picture of maryland during the storm. >> maryland has 30 days to appeal the fema decision. the winner to fill tiffany alston's seat is no one. the judge has ruled she is not eligible to return to proher seat and neither is the man chosen to replace her. governor o'malley will choose a replacement. >> 6:07. 31 degrees at the airport. is the classic easy bake oven sexist? >> egypt is rolling out the heavy artillery as the protest 10 intensifies. >> taking thin
gop leaders will not adjourn for the holidays until some kind of fiscal cliff strategy is found. >> this negotiation is going so poorly. what happens if we go over the fiscal cliff? >> there is a little bit of much.rowiggle room, but not the loss will be in place but in practice it will not have too much of an effect. it could have an effect on the stock-market if we do go over the fiscal cliff. >> barbara mikulski and ben cardin had the opportunity to make the case to the...
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cliff negotiations, deficit reduction. not hearing specifically about mortgage interest deduction but hearing about closing the loopholes. republicans say this is what's on the table from the white house. raising marginal tax rates on the very rich. extending both the social security payroll tax break and unemployment benefits for next year. the government wants to -- the white house wants to defer the sequester for a year and then launch this new multi-year stimulus package that would be at least $50 billion last year, infrastructure spending. also get this, a permanent increase in the debt limit, and they would take the debt ceiling approval away from congress. robert reich, do you have any problems with all of these things? >> well, most of them are steps in the right direction. i think that actually taking the debt ceiling approval away from congress sounds radical but it really isn't. that's a technicality. you don't want the debt ceiling ever to be negated. you are don't want congress to ever say no because that's th
cliff negotiations, deficit reduction. not hearing specifically about mortgage interest deduction but hearing about closing the loopholes. republicans say this is what's on the table from the white house. raising marginal tax rates on the very rich. extending both the social security payroll tax break and unemployment benefits for next year. the government wants to -- the white house wants to defer the sequester for a year and then launch this new multi-year stimulus package that would be at...
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to avoid that fiscal cliff. ktvu's allison burn reports, republicans are calling this political theater. alison? >> reporter: dave, leaderpy low say is trying to use a procedural move to force a vote on -- leader pelosi is trying to use a procedural move to force a vote on the fiscal cliff. >> let the house vote. >> reporter: that was the plea from harry reid with negotiations going nowhere. he's calling on john boehner to let a senate bill come to the floor. it would raise taxes on the wealthiest 2% of americans but extend current tax rates for everyone else. the pressure is mounting on both sides. a new poll out this morning, a pew research polls show most americans would blame republicans in congress if we go over the fiscal cliff. alison burns, ktvu channel 2 news. >>> 8:13. right now, president obama is meeting at the white house with a bipartisan group of governors. reportedly, those governors asked for the meeting with the president. they want to urge president obama to work with congress on the solution
to avoid that fiscal cliff. ktvu's allison burn reports, republicans are calling this political theater. alison? >> reporter: dave, leaderpy low say is trying to use a procedural move to force a vote on -- leader pelosi is trying to use a procedural move to force a vote on the fiscal cliff. >> let the house vote. >> reporter: that was the plea from harry reid with negotiations going nowhere. he's calling on john boehner to let a senate bill come to the floor. it would raise...
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that's how many days are left until the fiscal cliff deadline. but lawmakers are squaring off with each side accused of giving each side a deal. here's house majority leader eric cantor. >> what we will do is take this as a serious matter. we are interested in trying to solve the problem for the american people so that we don't see taxes go up on anybody so that we can engage in tax reform and get this economy going, again. >> democratic senator max baucus says congressional leaders and the president need to get to work on negotiations right now before the u.s. enters unchartered waters. >> i think if there's no agreement, whatsoever, if the other side is completely that the president has probably no choice but to say, okay, we're going to go with a cliff. that would not be my first preference. >> should that happen, should we go over that so-called fiscal cliff republican congressman lee terry thinks there could be an alterier motive on the part of the president. >> many of us fear that the president's real plan here was to let us go over the cl
that's how many days are left until the fiscal cliff deadline. but lawmakers are squaring off with each side accused of giving each side a deal. here's house majority leader eric cantor. >> what we will do is take this as a serious matter. we are interested in trying to solve the problem for the american people so that we don't see taxes go up on anybody so that we can engage in tax reform and get this economy going, again. >> democratic senator max baucus says congressional leaders...
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the latest white proposal on avoiding the fiscal cliff to house speaker john republicans laughed. >> there is a stalemate, let us not kid ourselves. >> perhaps it is a figure of speech but the country cannot afford a stalemate. >>catherine: house speaker john boehner boosting revenue by 1.6 trillion over the next decade would be a 'crippling >> stalemate...let's face it.." "...hope that's a figure of >> speech...shouldn't be talking about a stalemate." >> the key sticking point....taxes. democrats want to extend bush-era tax cuts for the middle class...while allowing rates to jump republicans don't want a tax rate increase on anyone. period. the white house is hoping that the fact the president is taking his case to the congress to act. of course the realand with 32 days before tax hikes and spending cuts kick in....there are few signs of progress. congress seems to love a deadline. but while it might come at the 11th hour -- most insiders seem to believe that there 'will' eventually be an agreement to avoid that cliff.. >> let us take a look at traffic on the south bay bridge toll p
the latest white proposal on avoiding the fiscal cliff to house speaker john republicans laughed. >> there is a stalemate, let us not kid ourselves. >> perhaps it is a figure of speech but the country cannot afford a stalemate. >>catherine: house speaker john boehner boosting revenue by 1.6 trillion over the next decade would be a 'crippling >> stalemate...let's face it.." "...hope that's a figure of >> speech...shouldn't be talking about a...
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the countdown to the nisc will fisc-- the fiscal cliff is on. but that's not stopping house members from leaving capitol hill from a long weekend. >>> the duchess of cambridge, the hospital treating her gets punked. >>> it's become one of the city and the state's main attractions. i'm christie ileto. coming up, i'll have more on what a new report is saying about the national aquarium and how it affects our local economy. >>> and when will we see the warmer weather temperatures again? any time soon? don't miss the updated first warning weather forecast with bob. >>> it's 51 degrees and clear in central maryland. the complete first warning weather forecast is coming up. >>> it's one of baltimore's favorite attractions. and support shows it is bringing in hundreds of millions of dollars into the city. wjz is live at the national aquarium do you want. christie ileto has more on what this means for the local economy. >>> a new report shows that most of the visitors are from out of town, that they spend big bucks here in the area. and that the nationa
the countdown to the nisc will fisc-- the fiscal cliff is on. but that's not stopping house members from leaving capitol hill from a long weekend. >>> the duchess of cambridge, the hospital treating her gets punked. >>> it's become one of the city and the state's main attractions. i'm christie ileto. coming up, i'll have more on what a new report is saying about the national aquarium and how it affects our local economy. >>> and when will we see the warmer weather...
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we will know if the white house has really won the social media fiscal cliff battle if we see a newborn named my2k. the first baby named hashtag made her bay back to you. it's taken over the world and politics. >> if i could add to one point that howard make i think it's right to say the impact is through journalist. you make these twitter campaigns in order to influence the cable tv coverage. >> it's an echo chamber. >> i believe that twitter is so influential. coming up, fox news pulls the plug on tom ricks. he doesn't think much of msnbc either. a look at the war of words in just a moment. [ male announcer ] a european-inspired suspension, but it's not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like nother. introducing the all-w 2013hevrolet malibu, our greatest malibu ever. ♪ i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-s
we will know if the white house has really won the social media fiscal cliff battle if we see a newborn named my2k. the first baby named hashtag made her bay back to you. it's taken over the world and politics. >> if i could add to one point that howard make i think it's right to say the impact is through journalist. you make these twitter campaigns in order to influence the cable tv coverage. >> it's an echo chamber. >> i believe that twitter is so influential. coming up, fox...
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just hours ago, house republicans sent president obama a new offer to avoid the fiscal cliff, a counter offer to president obama's plan, proposing raising $800 billion from tax reform, not higher tax rates. but the white house immediately slammed the offer and said it won't even consider it. tonight, speaker boehner's response to the white house response, saying it's up to the president to come up with a plan. allen west is here. good evening. >> good evening. >> your thoughts, apparently the white house is unimpressed with the proposal by the speakert and white house republicans? >> i think the white house needs to do case studies, calvin coolidge and president john f. kennedy, when you look at what they did with lowering tax rates and increase revenues. calvin coolidge went from 73% to 24%. john f. kennedy from 91% to 71%. they increased revenues. we are not talking about what the president is looking at with his wealth redistribution, we are talking about wealth expansion, economic growth and sound policies to do that. if you want to continue to believe that $250,000 makes someone ri
just hours ago, house republicans sent president obama a new offer to avoid the fiscal cliff, a counter offer to president obama's plan, proposing raising $800 billion from tax reform, not higher tax rates. but the white house immediately slammed the offer and said it won't even consider it. tonight, speaker boehner's response to the white house response, saying it's up to the president to come up with a plan. allen west is here. good evening. >> good evening. >> your thoughts,...
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it's fool toish think thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top tax rate, 35%, has to go up for the rich. and that limiting deductions won't be enough to get a deal. now you wrote in the atlantic this week that despite that there is a way around this for republicans who don't want to incur the wrath of norquist or as mark suggests, voters. how? >> right. so grover norquist pledge is actually incredibly misunderstood. it's based on what washington budgeting organizations call the current law baseline. what that means is that what scheduled to go into effect already is baked into the cake. and because the bush tax cuts are expiring provisions that were voted for ten years ago, it doesn't really cou
it's fool toish think thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top tax rate, 35%, has to go up for the...
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. >>> breaking news, we'll find out this hour what the white house put on to avoid the fiscal cliff and the gop's reaction. plus, the u.s. votes no. the legal ramifications for israel are not insignificant. and month ago, doctors say a woman died after they refused to perform an abortion. let's go "outfront." >>> good evening. i'm erin burnett. details just coming in. jessica yellin, our chief white house correspondent has them. what have you learned about what geithner listed out what the numbers and put on the table? >> he put out a number of $1.6 trillion in new taxes. that was, according to republican officials, a surprise. they expected a much smaller number and that has republicans crying foul. additional spending on medicare to pay doctors, protecting middle income americans from a tax hike. $50 billion in stimulus. and in return $400 billion in medicare and other savings next year and an agreed mechanism for allowing a vote on a debt ceiling increase republicans are not at all pleased with this, publicly crying foul. the white house has said that they have signed into law $1 tri
. >>> breaking news, we'll find out this hour what the white house put on to avoid the fiscal cliff and the gop's reaction. plus, the u.s. votes no. the legal ramifications for israel are not insignificant. and month ago, doctors say a woman died after they refused to perform an abortion. let's go "outfront." >>> good evening. i'm erin burnett. details just coming in. jessica yellin, our chief white house correspondent has them. what have you learned about what...
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cliff talks. all tomorrow on fox news sunday, check your local listings for the time and channel in your area. >> heather: wicked weather out west pounding parts of northern california for a second day in a row. the rain soaked area bracing for more stormy weather today. new warnings of potential mudslides and flash floods after yesterday's system washed out streets, brought down power lines, knocking out electricity to thousands. dominic is live for us with the latest. dominic? >> hi there. worst yet to come. this third storm coming through overnight tonight. no one really sure quite should have water it's going to drench the region with. we had two major storms come through that dumped so much, that we've seen flooding everywhere. first person reports coming in of probably being damaged, particularly down in fulsome where a park became flooded and the water gushed through people's homes. here is one of the residents affected by that. listen to what he saw. >> i don't have carpet. >> it clogged u
cliff talks. all tomorrow on fox news sunday, check your local listings for the time and channel in your area. >> heather: wicked weather out west pounding parts of northern california for a second day in a row. the rain soaked area bracing for more stormy weather today. new warnings of potential mudslides and flash floods after yesterday's system washed out streets, brought down power lines, knocking out electricity to thousands. dominic is live for us with the latest. dominic? >>...
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the gop snubs the white house's opening offer in fiscal cliff talks. >>> upgraded palestine celebrates a new status despite stiff american opposition. >>> rich and now famous. we know the identity of one of those lucky power ball jackpot winners. >> that's good news. >> can't wait to meet that person. >> good morning. welcome to "early start." i'm christine romans. it's friday. >> happy friday. john berman is hosting "starting point" at 7:00. the middle east is getting ugly. insult and finger pointing in the fiscal cliff debate. tax rates spike and spending slashed. congress is breaking for the holidays in two weeks. it could send the economy spinning in directions. $1.6 trillion in tax hikes. he will travel to pennsylvania to sell it to you. republicans aren't buying it. listen to house speaker, john boehner. >> despite the claims the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> democrats are firing right back at boehner. harry reid getting a little personal. >> i don't understand his brain, so you should ask him. okay? >>
the gop snubs the white house's opening offer in fiscal cliff talks. >>> upgraded palestine celebrates a new status despite stiff american opposition. >>> rich and now famous. we know the identity of one of those lucky power ball jackpot winners. >> that's good news. >> can't wait to meet that person. >> good morning. welcome to "early start." i'm christine romans. it's friday. >> happy friday. john berman is hosting "starting point"...
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senator alan simpson a republican and former white house chief of staff for president clinton erskine bowles the democrats came up with a possible solution what they came up with is this it's known as the to those outside of the beltway as the simpson bowles of the bowles simpson is plan whichever way you want to see it and despite falling short of passing it often took center stage and talks about the economy for the most part of the for the most of this year especially during the presidential campaign governor what about simpson bowles support simpson bowles simpson bowles the president should grab that i mean do you support some symbol i have my own plan it's not the same as simpson bowles but in my view the president should have grabbed it if you want to make some adjustments to it take it go to congress fight for it that's what we've done made some adjustments to it and we're putting it forward before congress right now but even though most have now heard of the plan very few people actually know what's in it our chief political correspondent christy infrasound looks through the
senator alan simpson a republican and former white house chief of staff for president clinton erskine bowles the democrats came up with a possible solution what they came up with is this it's known as the to those outside of the beltway as the simpson bowles of the bowles simpson is plan whichever way you want to see it and despite falling short of passing it often took center stage and talks about the economy for the most part of the for the most of this year especially during the presidential...
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to go over the fiscal cliff. republicans are urging the republicans to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the president is using the bully pulpit and appeal to the american people and pushing to extend the bush era tax cuts but those making $250,000. a year. democrats want high tax rates for the wealthy. the president stressed the urgency of the situation in the radio address. >> if congress does nothing. every family will see the income taxes go up in the beginning of next year. a family of four will see income taxes rise $2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the presi
to go over the fiscal cliff. republicans are urging the republicans to stand against the tax increase. we are 30 days from going over the fiscal cliff . both sides are pointing fingers and blaming each one for the stalemate. but the real losers is you and me, the american taxpayer if the taxpayers can't come to a compromise. steve has more on the part of the grid lock. >> hi, uma. one month away from the critical deadline and there appears to be very little movement to a deal. the...
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just hours ago house republicans sent president obama a new offer to avoid the fiscal cliff. it is a counter offer to president obama's plan. g.o.p. lawmakers proposed raising $800 billion in revenue from tax reform, not higher tax rates, but the white house immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening. >> how are you doing? >> greta: very well. the white house is unimpressed by the proposal from the speaker and the white house republicans. >> the white house needs to go back and do case studies whe. you look at presidents cool imagidgeand kennedy, they went % down to 24%. kennedy went from 91% down to 71% and they increased revenue. what we're talking about is not what the president of the united states is looking at with wealth redistribution. we're talking about wealth expansion and economic growth and sound economic policies to do that. if you want to continue to believe that 250,000
just hours ago house republicans sent president obama a new offer to avoid the fiscal cliff. it is a counter offer to president obama's plan. g.o.p. lawmakers proposed raising $800 billion in revenue from tax reform, not higher tax rates, but the white house immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening....
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the break comes with 26 days to go until the fiscal cliff deadline and after president obama and house speaker john boehner spoke again by phone but failed to reach a deal. boehner says revenues can be on the table just not in the form of tax hikes on the rich. treasury secretary timothy geithner says that just won't work. >> there's no point to an agreement that involve the rates going up on the top 2% of the wealthy. it's only 2%. >> geithner went on to say that he's fully prepared. the obama administration is fully prepared to go off that fiscal cliff if republicans don't agree to tax hikes on the wealthiest americans. let's bring in congressional correspondent kate bolduan. the white house won't budge on taxes. the republican led house takes a break. can you make sense of this for us? >> i think that's a little above any of our pay grade trying to make sense of it all other than it seems that it's one more fight that we've seen over and over again and we are seeing once again it play out almost as it appears slow motion, carol. you mention the call between speaker boehner and presi
the break comes with 26 days to go until the fiscal cliff deadline and after president obama and house speaker john boehner spoke again by phone but failed to reach a deal. boehner says revenues can be on the table just not in the form of tax hikes on the rich. treasury secretary timothy geithner says that just won't work. >> there's no point to an agreement that involve the rates going up on the top 2% of the wealthy. it's only 2%. >> geithner went on to say that he's fully...
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has the white house made any specific plans on a face to face meeting on this fiscal cliff, leaders talking in the same room, anybody? >> reporter: no. not that i know of at least. and i checked just a short time ago. not that i know of. but i got to tell you, those things are not always productive. things seem to get done better at the staff level. the last time the president spoke to speaker boehner on wednesday night and said bottom line tax rates, you have to agree to let tax rates go up. ball is in the republicans' court to come back and offer a counterproposal. they're outraged because they want more spending cut s. so the white house is looking to see what they'll come back with, on spending cuts and on tax rates, and we're all waiting on that now. >> okay. we -- for lack of a countdown clock, what, 13 days now or something? >> reporter: we have until the end of the year so -- >> before they go on vacation, though, yeah. okay. thank you. >> reporter: they can stay in town. if they don't get it done, they have to stay. >> thank you very much. what's next for the fiscal cliff debate? r
has the white house made any specific plans on a face to face meeting on this fiscal cliff, leaders talking in the same room, anybody? >> reporter: no. not that i know of at least. and i checked just a short time ago. not that i know of. but i got to tell you, those things are not always productive. things seem to get done better at the staff level. the last time the president spoke to speaker boehner on wednesday night and said bottom line tax rates, you have to agree to let tax rates go...